The global food emulsifiers market size is projected to reach USD 3.82 billion by 2025 owing to the changing lifestyles as a result of relocation to cities away from home and an increasing number of working women. The rapidly progressing and expanding food & processing industry across the globe is also acting as a key driving factor behind the growth of food emulsifiers market. The multi-functionality of emulsifiers to bind water & oil, improve processing tolerance & efficiency, enhance shelf life and contribute to consistent & high-quality food products makes it a preferred choice as a food additive.
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Stearoyl lactylates are anticipated to be the fastest growing segment among the major food emulsifiers market types by 2025, growing at a volume CAGR of 6.5% over the forecast period. This is attributed to their widespread application in baked goods, cereals, sugar confectionaries, powdered beverage mixes, dehydrated potatoes, snack dips, sauces, gravies, dietetic foods, minced & diced canned meats and pet food among others. Being highly effective and rendered safe by the U.S. FDA further contributes towards the growth of this segment.
Based on end-use, bakery & confectionary is likely to continue holding the largest revenue share of more than 59% by 2025. Increasing demand for innovative gluten-free baked products with improved shelf-life have escalated the growth of this segment. Consumer tastes are becoming increasingly sophisticated and this is reflected in the strong demand for bakery products, pastries and chocolate. Manufacturers are expanding their portfolios and experimenting with new products such as whole-wheat bread, high-fiber biscuits, gluten-free products and sugar-free chewing gums for children. This expansion of potential applications for food emulsifiers is likely to further boost its demand in this segment.
Geographically, food emulsifiers market trends differ across the regions. Asia Pacific is projected to exhibit the largest demand for food emulsifiers during the forecast period, at an estimated volume of 386.8 kilo tons in 2025. This is assisted by the broad consumer base, continued rise of disposable incomes, urbanization and increased consumer awareness regarding low-fat foods in countries. Furthermore, these factors are offering huge growth opportunities in countries like China and India. The initiatives taken by the government to improve the food processing sector is expected to act as a catalyst in the growth of the global food emulsifiers market size during the forecast period.
The nature of the global food emulsifiers market is fragmented and highly competitive due to the presence of a large number of established players. DuPont, Cargill, Incorporated, RIKEN VITAMIN Co., Ltd, Palsgaard A/S, Lonza Group, Kerry Inc., BASF SE, LASENOR EMUL, S.L, Futura Ingredients (Singapore) Pte Ltd. and Estelle Chemicals Pvt. Ltd. are some of the key players operating in the market. Increasing innovation in the global food emulsifiers market has opened up new venues for the growth of the key players. Significant investments in research & development driven by the need for innovative products has helped in building value through high margin products and has extended the lifecycle of the product in the global market.
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